Part 9

Intellectual property: know-how and patents
Chapter 2

Disposals of know-how

Profits charged under section 908
910
1
The profits charged under section 908 are—
a
the amount of the consideration, less
b
any expenditure incurred by the company wholly and exclusively in the acquisition or disposal of the know-how.
2
Such expenditure may not be taken into account more than once, whether under this section or otherwise.
3
This section needs to be read with section 926 (contributions to expenditure).